Please take a look at 144 EAst 84th street

We also own in this building. The building has great financials, recently reinforced ny the $13mm sale of the commercial unit on the ground floor. The building is in the process of modernizing elevators, and a replacement of all windows is in the works as the Board needs to spend down some of its cash reserves. Maintenance for the units is comparably low as a result, and unlikley to rise much.

Unclear why the studio unit you refer to has not sold already. It may be the seller is waiting to get the price he/she wants, or that the broker has failed to generate enough traffic. Also, the Board can be qite demanding of potential buyers, so it is possible that the broker has not yet found a qualified buyer. In any case. the asking price does not seem unrealistic, given current market conditions. Defiitely worth a look, if you are considering a purchase.

Thank you